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PKF Texas – Entrepreneur’s Playbook®:Business Environment

by | Jun 4, 2010 | PKF Texas - The Entrepreneur's Playbook®

Note: Running Fridays in FromGregsHead.comis a continuing series of tips brought to you by Greg Price. These run Saturday mornings during the BusinessMaker’s Radio Show on KPRC 950AM. Audio files can be found on the PKF Texas – Entrepreneur’s Playbook® page of the PKF Texas website. 

How do you evaluate the trends in your industry or city to best position your company for success?  Today’s business environment can change in the blink of an eye.  What are you doing to stay at the forefront of that change?

Taking the pulse of your business environment can help you know when to beef up certain areas of your business.  Have you seen an influx of international companies in your market space?  What can you do to increase your international footprint?

What capital improvement projects are going on in your city and how will they impact your business?  On the surface, a new stadium might not seem to have anything to do with your oilfield services company, but consider there might be new local environmental regulations spurred by the new development that will affect your business.

By keeping tabs on these trends you can plan for and respond to changes as they happen and strategically position yourself to be ahead in a competitive market.

 

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